IT start-up AppsVillage Australia has made a bold call, putting aside fears about the economic outlook to go live with a small business loan distribution deal that promises a 24-hour turnaround on applications for working capital finance of up to A$10,000.AppsVillage is working with Lumi Finance, which offers a range of secured and unsecured business loans.AppsVillage, which was listed on the ASX last June, works with small businesses to develop and manage their mobile apps. According to the company's prospectus, mobile apps work better than web browsing for small businesses trying to reach new customers because 90 per cent of internet time on mobile devices is spent using mobile apps.The company was launched in 2015 in Israel and commenced operations a year later. Following the listing of AppsVillage Australia, the local company acquired the Israeli company in August.It claims to have more than 4000 paying businesses on its platform.In November it launched a pilot lending program in the United States, working with Seek capital and Fundomate Inc. It launched the business officially last month.Also in November, it signed an agreement with Lumi to distribute loans in Australia. In January it signed an agreement with risk analytics company Credit Risk Community to add its technology to its platform.According to the company's latest financial report, it made a loss of US$4.9 million on revenue of US$611,000 during the 12 months to the end of December.